Charityhttp://www.businessinsider.com/category/charity
en-usSun, 02 Aug 2015 19:29:06 -0400Sun, 02 Aug 2015 19:29:06 -0400The latest news on Charity from Business Insiderhttp://static3.businessinsider.com/assets/images/bilogo-250x36-wide-rev.pngBusiness Insiderhttp://www.businessinsider.com
http://www.businessinsider.com/the-worlds-best-charity-can-save-a-life-for-333706-and-thats-a-steal-2015-7The world's best charity can save a life for $3,337.06http://www.businessinsider.com/the-worlds-best-charity-can-save-a-life-for-333706-and-thats-a-steal-2015-7
Wed, 29 Jul 2015 12:40:00 -0400Chris Weller
<p><img style="float:right;" src="http://static3.businessinsider.com/image/55b901bddd089543788b45ea-594-396/107919237.jpg" alt="child malaria bed net" data-mce-source="Spencer Platt/Getty Images" /></p><p>This isn't a melodramatic TV commercial: For $3,340, you can save a life right now.</p>
<p><span>That's how much it costs to save one life if you donate to the Against Malaria Foundation (AMF), <a href="http://www.givewell.org/international/top-charities/AMF">the top&nbsp;charity in the world</a>&nbsp;<span>&mdash;&nbsp;</span>as&nbsp;judged by GiveWell,&nbsp;<span>a&nbsp;</span><span>non-profit charity evaluator and advocate for <a href="http://www.theatlantic.com/business/archive/2015/06/what-is-the-greatest-good/395768/#disqus_thread">effective altruism</a>.&nbsp;</span></span></p>
<p><span><span>While other charity evaluators&nbsp;tend only to&nbsp;look at where money is going, GiveWell's research seeks to understand how much gets there, who needs it most, and, perhaps most important, what that money can do.</span></span></p>
<p><span><span>AMF rises above the rest.</span></span></p>
<p>In the developed world, mosquitoes&nbsp;are pesky insects. But in underdeveloped countries in Africa, mosquitoes carry a raft of diseases. Easily the most deadly of those is malaria, which is responsible for approximately <a href="http://www.who.int/mediacentre/factsheets/fs094/en/">600,000 deaths</a> annually.</p>
<p>Rather than invest millions in finding a vaccine, AMF tries to avoid infection through insecticide-treated&nbsp;bed nets, which have <a href="http://www.sciencedirect.com/science/article/pii/S0022519314004731">loads of research</a> behind them supporting their effectiveness.</p>
<p>GiveWell has three major requirements when selecting its top charities, and AMF fulfills all of them. The solution is proven to work, it successfully passes a vetting process (in this case, figuring out if AMF makes good on delivering the bed nets to people in need), and it's underfunded,&nbsp;which means there is a real need for&nbsp;outside donation.</p>
<p>AMF is one of <a href="http://www.givewell.org/charities/top-charities">only a handful of charities</a> that meet the organization's strict criteria, says Catherine Hollander, an outreach associate at GiveWell. That means it can then be put under heavy scrutiny from the non-profit's&nbsp;research arm to root out how far a dollar actually goes. The final number after copious number crunching: $3,337.06.</p>
<p>That total is a rough guideline, GiveWell stipulates. It's meant to be a helpful placeholder that can guide people's donation. With&nbsp;myriad overhead costs, including&nbsp;manufacturing and delivery costs, there are always unknowns.&nbsp;</p>
<p>That's why GiveWell argues it's a tad disingenuous when charities purport to save lives on the cheap.</p>
<p>A bed net may cost $5 to manufacture, but a $5 donation won't necessarily save a life.</p>
<p><img src="http://static2.businessinsider.com/image/55b901bddd089543788b45eb-800-537/aedes_aegypti_cdc-gathany.jpg" alt="Aedes aegypti mosquito chikungunya" data-mce-source="CDC" /></p>
<p>As the effective altruist Peter Singer <a href="http://www.givewell.org/international/technical/criteria/cost-effectiveness">noted</a>&nbsp;in <a href="http://www.amazon.com/Life-You-Can-Save-Poverty/dp/0812981561/ref=sr_1_1?ie=UTF8&amp;qid=1437772657&amp;sr=8-1&amp;keywords=the+life+you+can+save">"The Life You Can Save,"</a> not every child who uses a bed net would necessarily have died from malaria &mdash; only a fraction would meet that fate. Likewise, not every donated net will save a life, as some will inevitably be misused.&nbsp;</p>
<p>Charities that make such claims typically refer to the "cost per child treated" as the relevant metric in&nbsp;deciding whether to donate. But as GiveWell's research shows, that approaches a&nbsp;solution from the wrong direction: Donors need to account for all the other costs that make the charity work. For AMF, GiveWell uses the "cost per life saved."</p>
<p>So while the total of $3,340 may seem high, it's only because other numbers have been artificially low. GiveWell's research into AMF takes into account all the surrounding costs and statistical likelihoods that could prevent&nbsp;a lesser donation from reaching its ultimate goal: the prevention of fatal malaria.</p>
<p>But according to&nbsp;Sean Conley, a research analyst at GiveWell,&nbsp;you don't need to give thousands of dollars to make a difference.</p>
<p>"On an intuitive level, giving people additional money who are among the poorest in the world &mdash; even small amounts of money &mdash; will make a big difference in their lives," Conley says.</p>
<p>And if you give to a charity like AMF, you know the money is going to the right places.</p><p><strong>SEE ALSO:&nbsp;<a href="http://www.businessinsider.com/inside-look-at-google-project-loon-2015-4" >Look inside a Google project so odd, it's literally called 'Project Loon'</a></strong></p>
<p><a href="http://www.businessinsider.com/the-worlds-best-charity-can-save-a-life-for-333706-and-thats-a-steal-2015-7#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/mosquito-bite-some-people-not-others-2015-7">Why mosquitoes bite some people and not others</a></p> http://www.businessinsider.com/warren-buffett-just-donated-28-billion-to-5-foundations-2015-7Warren Buffett just donated $2.8 billion to 5 foundationshttp://www.businessinsider.com/warren-buffett-just-donated-28-billion-to-5-foundations-2015-7
Mon, 06 Jul 2015 13:40:12 -0400Barbara Tasch
<p class="article-excerpt"><img style="float:right;" src="http://static6.businessinsider.com/image/5547ce466bb3f7ed4933ba2d-1200-924/145773787.jpg" border="0" alt="warren buffett"></p><p>As part of his annual pledge, Warren Buffett donated on Monday $2.8 billion to five foundations, <a href="http://fortune.com/2015/07/06/warren-buffett-donation/">Fortune reports</a>.</p>
<p class="article-excerpt"><a href="http://www.berkshirehathaway.com/news/JUL0615.pdf">In a statement</a>, Berkshire Hathaway announced that its CEO had gifted over 20 million class "B" shares to five foundations.</p>
<p class="article-excerpt">This years recipient were the<span>&nbsp;Bill and Melinda Gates, Susan Thompson Buffett, Sherwood, Howard G. Buffett, and NoVo Foundations</span>&nbsp;</p>
<p class="article-excerpt">Last year, <a href="http://www.cnbc.com/id/101838746">Buffett set a personal record</a> by donating $2.8 billion. He has been donating annual gifts for ten years now, since he gave over 10 million shares to the Bill and Melinda Gates foundation.</p>
<p class="article-excerpt">In 2010, Buffett also signed "<a href="http://givingpledge.org/index.html">The Giving Pledge</a>" along with Bill Gates and Mark Zuckerberg promising to give away half of his wealth over time.&nbsp;</p><p><strong>SEE ALSO:&nbsp;<a href="http://www.businessinsider.com/how-warren-buffett-demonstrated-he-is-a-ruthless-businessman-2015-5" >3 times Warren Buffett demonstrated his ruthlessness as a businessman</a></strong></p>
<p><a href="http://www.businessinsider.com/warren-buffett-just-donated-28-billion-to-5-foundations-2015-7#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/havana-cuba-supermarket-grocery-store-pringles-lays-2015-7">We snuck a camera inside a Cuban supermarket</a></p> http://www.businessinsider.com/tim-mcgraw-giving-away-mortgage-free-houses-to-veterans-2015-6Tim McGraw is giving away mortgage-free houses to veteranshttp://www.businessinsider.com/tim-mcgraw-giving-away-mortgage-free-houses-to-veterans-2015-6
Tue, 30 Jun 2015 16:27:00 -0400John Lynch
<p><img src="http://static5.businessinsider.com/image/5592e8016da811403937e6ba-1200-706/screen%20shot%202015-06-30%20at%203.02.14%20pm.png" border="0" alt="tim mcgraw operation homefront"></p><p>Country star and actor Tim McGraw has <a href="http://timmcgraw.com/news-press/causes/">a long history of giving to charitable causes</a>, and his latest venture finds him once again making a big impact on the lives of US veterans.</p>
<p>Teaming up with Operation Homefront and Chase Bank, McGraw has given away six mortgage-free homes to veterans so far this year, and he plans to give away another 30 homes during the remaining dates on his <a href="http://timmcgraw.com/tour/">"Shotgun Rider 2015"</a> tour.</p>
<p>Since 2012, McGraw, Chase, and Operation Homefront have actually given more than 100 homes to veterans, and <a href="http://www.gossipcop.com/tim-mcgraw-giving-away-36-mortgage-free-homes-to-veterans-watch-video/">in a recent video</a> promoting the cause, McGraw explained what awarding homes to veterans meant to him.</p>
<p>McGraw said veterans were "people who have given us security for a lot of years."</p>
<p><span style="line-height: 1.5em;">"And we're able to do that back for them a little bit in a small way," he added.</span></p>
<p>McGraw said he felt a "personal connection" to veterans because he had a sister who fought in the Gulf War and various other family members who served, but he insists that one need not know a veteran directly to feel connected to Operation Homefront's cause.</p>
<p>"<span>I don't think you can live in this country and not have some sort of personal connection with people who put their lives on their line," McGraw said. "It's not about whether you agree with the policy or not."</span></p>
<p><span>The country singer's "Shotgun Rider" tour kicked off early this month and will run through September.<br></span></p><p><strong>SEE ALSO:&nbsp;<a href="http://www.businessinsider.com/faith-hill-and-tim-mcgraws-farm-for-20m-2013-7?op=1#ixzz3eZpAEvlV" >Take A Look Around Faith Hill And Tim McGraw's $20 Million Tennessee Farm</a></strong></p>
<p><a href="http://www.businessinsider.com/tim-mcgraw-giving-away-mortgage-free-houses-to-veterans-2015-6#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/apple-music-beats1-video-ad-2015-6">THE FUTURE OF MUSIC? Here's Apple's audacious new ad</a></p> http://www.businessinsider.com/young-wall-street-paradise-fund-event-2015-6Young Wall Street went black tie on Thursday nighthttp://www.businessinsider.com/young-wall-street-paradise-fund-event-2015-6
Fri, 26 Jun 2015 14:46:00 -0400Portia Crowe
<p><img style="float:right;" src="http://static1.businessinsider.com/image/558d87d869bedd2c49daa49b-1200-924/dsc0066.jpg" alt="DSC_0066" border="0"></p><p>Young Wall Street brushed off the tuxedos and ball gowns on Thursday night and came together for the first annual Paradise Fund Casino Gala in New York City.</p>
<p>Hosted by Paradise Fund co-founders Kent Anderson, H. Loy Anderson III, and Christopher DiSchino, the event was the first of its kind in New York, although they've been holding similar casino galas in Palm Beach since 2011.</p>
<p>Proceeds from the event will go to the Boys &amp; Girls Harbor, a non-profit based in East Harlem.</p>
<p>The evening was a flurry of high fashion, live jazz music, and, of course, lots of blackjack and craps. Take a look inside.</p><h3>Welcome to The Racquet and Tennis Club, where the Paradise Fund's first NYC gala took place.</h3>
<img src="http://static4.businessinsider.com/image/558d80f069beddf72bdaa49b-400-300/welcome-to-the-racquet-and-tennis-club-where-the-paradise-funds-first-nyc-gala-took-place.jpg" alt="" />
<br/><br/><h3>VIP guests gathered for a reception before the gambling began. Alex and Leeana Smith-Ryland said they were lifelong friends of H. Loy Anderson, one of the event's hosts.</h3>
<img src="http://static3.businessinsider.com/image/558d810269beddee26daa49b-400-300/vip-guests-gathered-for-a-reception-before-the-gambling-began-alex-and-leeana-smith-ryland-said-they-were-lifelong-friends-of-h-loy-anderson-one-of-the-events-hosts.jpg" alt="" />
<br/><br/><h3>Lots of guests came from the fashion and retail industries: here are Netty Devonshire and Dan Carroll of J Crew.</h3>
<img src="http://static4.businessinsider.com/image/558d811beab8ea8c6cdaa49b-400-300/lots-of-guests-came-from-the-fashion-and-retail-industries-here-are-netty-devonshire-and-dan-carroll-of-j-crew.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/young-wall-street-paradise-fund-event-2015-6#and-heres-kelly-karakul-of-saks-fifth-with-dan-carroll-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/sean-parker-donates-600-million-foundation-2015-6Facebook billionaire Sean Parker has donated $600 million to start his own foundationhttp://www.businessinsider.com/sean-parker-donates-600-million-foundation-2015-6
Wed, 24 Jun 2015 12:44:54 -0400Madeline Stone
<p><span><img style="float:right;" src="http://static6.businessinsider.com/image/558ad992ecad04626657802a-1200-2000/gettyimages-139585615.jpg" border="0" alt="sean parker"></span><a href="http://www.businessinsider.com/how-plaxo-and-sean-parker-changed-facebook-2015-2">Sean Parker</a>, cofounder of Napster and former president of Facebook, has announced a gift of $600 million to launch <a href="http://parker.org/">the Parker Foundation.<span>&nbsp;</span></a></p>
<p>The foundation will focus on funding programs in three main categories: life sciences, global public health, and civic engagement.&nbsp;</p>
<p>"In the increasingly complex and interconnected world we live in, the problems we’re confronted with are systemic ones, and they call for systemic answers," Parker said in a press release.</p>
<p>"In order to achieve scale and leverage, the philanthropists who take on these challenges will need to search for fresh answers to these problems and&nbsp;aggressively implement the solutions they discover."</p>
<p>Parker recently pledged $24 million to develop the Sean N. Parker Center for Allergy Research at Stanford. He also donated $4.5 million to support a malaria elimination program at the University of California San Francisco’s Global Health Group.&nbsp;</p>
<p>"The&nbsp;Parker Foundation will apply the lessons learned from Silicon Valley start-ups to our philanthropic initiatives: we must move fast, make concentrated bets based on our convictions, have the courage to make mistakes and learn from them," Parker said in the press release announcing the launch of the foundation.&nbsp;</p>
<p><a href="http://www.forbes.com/profile/sean-parker/">Forbes estimates</a> Parker's net worth to be about $2.9 billion.&nbsp;</p><p><strong>SEE ALSO:&nbsp;<a href="http://www.businessinsider.com/sean-parker-is-building-an-app-as-part-of-his-crazy-wedding-settlement-2014-10" >Facebook billionaire Sean Parker is building an app as part of his $2.5 million wedding settlement</a></strong></p>
<p><a href="http://www.businessinsider.com/sean-parker-donates-600-million-foundation-2015-6#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/facebook-relationship-breakup-study-2015-6">Here's what most people do on Facebook when they break up</a></p> http://www.businessinsider.com/16-tech-titans-who-wont-leave-their-fortune-to-their-families-2015-616 tech titans who are giving away most of their money instead of leaving it to their familieshttp://www.businessinsider.com/16-tech-titans-who-wont-leave-their-fortune-to-their-families-2015-6
Sun, 14 Jun 2015 22:29:28 -0400Madeline Stone and Biz Carson
<p><img style="float:right;" src="http://static5.businessinsider.com/image/53c044826bb3f7535478d751-1200-924/pierre-omidyar-11.jpg" border="0" alt="Pierre Omidyar"></p><p>Some entrepreneurs who have made billions off of their tech ventures like to spend them in some pretty <a href="http://www.businessinsider.com/vintage-silicon-valley-photos-2014-7">extravagant ways</a>, whether it be on private planes, summer homes, or even an <a href="http://www.businessinsider.com/richard-bransons-necker-island-reopens-2013-10">entire island.&nbsp;</a></p>
<p>Others turn to more-philanthropic efforts, choosing to donate their wealth to different causes through foundations and trusts.&nbsp;</p>
<p>We've rounded up some of the most generous people in tech, all of which have decided to donate large portions of their wealth to charity rather than leave all of it to their children.&nbsp;</p><h3>Microsoft cofounder Bill Gates</h3>
<img src="http://static4.businessinsider.com/image/5512cf6d69bedd660655b7ea-400-300/microsoft-cofounder-bill-gates.jpg" alt="" />
<p><p>Gates has been open about his decision not to leave his $84.9 billion fortune to his three children. They <a href="http://www.cnn.com/2011/TECH/innovation/06/13/personal.details.bill.gates.mashable/index.html">will reportedly inherit</a> just a small slice, about $10 million each.</p>
<p>"I definitely think leaving kids massive amounts of money is not a favor to them," <a href="http://www.thedailybeast.com/articles/2013/02/11/bill-gates-answers-questions-in-reddit-ama.html">he said</a> in a Reddit AMA in February.&nbsp;</p>
<p>He founded the Bill &amp; Melinda Gates Foundation in 1994, and it currently has more than $36 billion in assets. Gates also teamed up with longtime friend Warren Buffett to start a campaign called <a href="http://givingpledge.org/index.html">"The Giving Pledge,"</a> which encourages other billionaires to donate at least half of their fortune to charity.&nbsp;</p></p>
<br/><br/><h3>AOL cofounder Steve Case</h3>
<img src="http://static2.businessinsider.com/image/53bfeaf96bb3f79d7578d751-400-300/aol-cofounder-steve-case.jpg" alt="" />
<p><p>Case helped millions of Americans get online, and now he's donating much of his wealth to developing other technologies.</p>
<p><a href="http://www.insidephilanthropy.com/guide-to-individual-donors/steve-case.html">He founded</a> the Case Foundation in 1997, which focuses on using technology to make philanthropy more effective. He also started an investment firm called Revolution, which invests in startups outside of Silicon Valley, and signed the Giving Pledge.</p>
<p>"We share the view that those to whom much is given, much is expected. We realize we have been&nbsp;given a unique platform and opportunity, and we are committed to doing the best we can with it," he and wife Jean&nbsp;<a href="http://givingpledge.org/pdf/letters/Case_Letter.pdf">wrote.</a> "We&nbsp;do not believe our assets are 'ours' but rather we try to be the responsible stewards of these resources."</p></p>
<br/><br/><h3>Salesforce CEO Marc Benioff</h3>
<img src="http://static5.businessinsider.com/image/528aa7d56da811f0038b456f-400-300/salesforce-ceo-marc-benioff.jpg" alt="" />
<p><p>Benioff recently launched a <a href="http://www.businessinsider.com/benioff-tech-sector-needs-to-give-back-2014-3">campaign called SF Gives</a>, which challenged tech companies to raise $10 million for San Francisco-based nonprofit programs in just 60 days.&nbsp;</p>
<p>He's encouraged other corporations to follow <a href="http://www.salesforcefoundation.org/about-us/sharethemodel/">his 1/1/1 model</a>, which says that a company should donate 1% of its equity, 1% of its employees' time, and 1% of its resources to philanthropic efforts.</p>
<p>He and wife Lynne <a href="http://www.ucsf.edu/news/2014/04/113131/ucsf-benioff-children%E2%80%99s-hospital-children%E2%80%99s-hospital-oakland-receive-100m-gift">have also personally given</a> a total of $200 million to the children's hospital at UCSF.&nbsp;</p>
<p>&nbsp;</p></p>
<br/><br/><a href="http://www.businessinsider.com/16-tech-titans-who-wont-leave-their-fortune-to-their-families-2015-6#qualcomm-founder-irwin-jacobs-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/16-tech-titans-who-wont-leave-their-fortune-to-their-families-2015-616 tech titans who are giving away most of their money instead of leaving it to their familieshttp://www.businessinsider.com/16-tech-titans-who-wont-leave-their-fortune-to-their-families-2015-6
Sat, 13 Jun 2015 08:48:10 -0400Madeline Stone and Biz Carson
<p><img style="float:right;" src="http://static5.businessinsider.com/image/53c044826bb3f7535478d751-1200-924/pierre-omidyar-11.jpg" border="0" alt="Pierre Omidyar"></p><p>Some entrepreneurs who have made billions off of their tech ventures like to spend them in some pretty <a href="http://www.businessinsider.com/vintage-silicon-valley-photos-2014-7">extravagant ways</a>, whether it be on private planes, summer homes, or even an <a href="http://www.businessinsider.com/richard-bransons-necker-island-reopens-2013-10">entire island.&nbsp;</a></p>
<p>Others turn to more-philanthropic efforts, choosing to donate their wealth to different causes through foundations and trusts.&nbsp;</p>
<p>We've rounded up some of the most generous people in tech, all of which have decided to donate large portions of their wealth to charity rather than leave all of it to their children.&nbsp;</p><h3>Microsoft cofounder Bill Gates</h3>
<img src="http://static4.businessinsider.com/image/5512cf6d69bedd660655b7ea-400-300/microsoft-cofounder-bill-gates.jpg" alt="" />
<p><p>Gates has been open about his decision not to leave his $84.9 billion fortune to his three children. They <a href="http://www.cnn.com/2011/TECH/innovation/06/13/personal.details.bill.gates.mashable/index.html">will reportedly inherit</a> just a small slice, about $10 million each.</p>
<p>"I definitely think leaving kids massive amounts of money is not a favor to them," <a href="http://www.thedailybeast.com/articles/2013/02/11/bill-gates-answers-questions-in-reddit-ama.html">he said</a> in a Reddit AMA in February.&nbsp;</p>
<p>He founded the Bill &amp; Melinda Gates Foundation in 1994, and it currently has more than $36 billion in assets. Gates also teamed up with longtime friend Warren Buffett to start a campaign called <a href="http://givingpledge.org/index.html">"The Giving Pledge,"</a> which encourages other billionaires to donate at least half of their fortune to charity.&nbsp;</p></p>
<br/><br/><h3>AOL cofounder Steve Case</h3>
<img src="http://static2.businessinsider.com/image/53bfeaf96bb3f79d7578d751-400-300/aol-cofounder-steve-case.jpg" alt="" />
<p><p>Case helped millions of Americans get online, and now he's donating much of his wealth to developing other technologies.</p>
<p><a href="http://www.insidephilanthropy.com/guide-to-individual-donors/steve-case.html">He founded</a> the Case Foundation in 1997, which focuses on using technology to make philanthropy more effective. He also started an investment firm called Revolution, which invests in startups outside of Silicon Valley, and signed the Giving Pledge.</p>
<p>"We share the view that those to whom much is given, much is expected. We realize we have been&nbsp;given a unique platform and opportunity, and we are committed to doing the best we can with it," he and wife Jean&nbsp;<a href="http://givingpledge.org/pdf/letters/Case_Letter.pdf">wrote.</a> "We&nbsp;do not believe our assets are 'ours' but rather we try to be the responsible stewards of these resources."</p></p>
<br/><br/><h3>Salesforce CEO Marc Benioff</h3>
<img src="http://static5.businessinsider.com/image/528aa7d56da811f0038b456f-400-300/salesforce-ceo-marc-benioff.jpg" alt="" />
<p><p>Benioff recently launched a <a href="http://www.businessinsider.com/benioff-tech-sector-needs-to-give-back-2014-3">campaign called SF Gives</a>, which challenged tech companies to raise $10 million for San Francisco-based nonprofit programs in just 60 days.&nbsp;</p>
<p>He's encouraged other corporations to follow <a href="http://www.salesforcefoundation.org/about-us/sharethemodel/">his 1/1/1 model</a>, which says that a company should donate 1% of its equity, 1% of its employees' time, and 1% of its resources to philanthropic efforts.</p>
<p>He and wife Lynne <a href="http://www.ucsf.edu/news/2014/04/113131/ucsf-benioff-children%E2%80%99s-hospital-children%E2%80%99s-hospital-oakland-receive-100m-gift">have also personally given</a> a total of $200 million to the children's hospital at UCSF.&nbsp;</p>
<p>&nbsp;</p></p>
<br/><br/><a href="http://www.businessinsider.com/16-tech-titans-who-wont-leave-their-fortune-to-their-families-2015-6#qualcomm-founder-irwin-jacobs-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/hedge-fund-boxing-fundraiser-2015-6WALL STREET FIGHT NIGHT: Inside the event where a bunch of hedge funders beat each other up for charityhttp://www.businessinsider.com/hedge-fund-boxing-fundraiser-2015-6
Sun, 07 Jun 2015 13:08:00 -0400Portia Crowe and Julia La Roche
<p><img style="float:right;" src="http://static1.businessinsider.com/image/5571feb669bedd837f186f2a-1200-924/keith-leung-vs-david-hein-3.jpg" border="0" alt="Keith Leung vs. David Hein"></p><p>Some big names in the hedge fund world came together last week to raise money for victims of natural disasters — and to go head-to-head in the boxing ring.</p>
<p>They were inspired by the story of Petra Němcová, a former Victoria's Secret model who was seriously injured and lost her fiancé in the 2004 Indian Ocean tsunami.</p>
<p>Němcová founded the <a href="http://happyheartsfund.org/">Happy Hearts Fund</a> after that experience to help rebuild sustainable schools in the aftermath of similar disasters.</p>
<p>It was an action-filled night in and out of the ring with Pierre Andurand of Andurand Capital, Mike Tobin of Taylor Woods Capital Management, Kathleen Kelley of Queen Anne's Gate Capital, and many others.</p><h3>Step inside the Hammerstein Ballroom, where hedge funders gathered to raise money for the Happy Hearts Fund.</h3>
<img src="http://static1.businessinsider.com/image/5570c23becad04e4392f16da-400-300/step-inside-the-hammerstein-ballroom-where-hedge-funders-gathered-to-raise-money-for-the-happy-hearts-fund.jpg" alt="" />
<br/><br/><h3>Petra Němcová, who founded the Happy Hearts Fund, posed with Pierre Andurand, who was the star kickboxer.</h3>
<img src="http://static4.businessinsider.com/image/5570c2526da8118c25c2a6d0-400-300/petra-nmcov-who-founded-the-happy-hearts-fund-posed-with-pierre-andurand-who-was-the-star-kickboxer.jpg" alt="" />
<br/><br/><h3>"Team Tobinator" came to support Mike Tobin of Taylor Woods Capital Management, who fought Pierre Andurand.</h3>
<img src="http://static4.businessinsider.com/image/5570c3676bb3f7a16e08b59b-400-300/team-tobinator-came-to-support-mike-tobin-of-taylor-woods-capital-management-who-fought-pierre-andurand.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/hedge-fund-boxing-fundraiser-2015-6#before-the-boxing-kicked-off-an-international-opera-star-sang-the-national-anthem-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/marine-corps-veteran-holds-a-plank-for-5-hours-to-break-a-world-record-2015-6A Marine veteran holds a plank for 5+ hours to break a world recordhttp://www.businessinsider.com/marine-corps-veteran-holds-a-plank-for-5-hours-to-break-a-world-record-2015-6
Wed, 03 Jun 2015 08:02:00 -0400ORVELIN VALLE
<p><img style="float:right;" src="http://static5.businessinsider.com/image/556eeb16eab8ea57437a7617-567-425/screen-shot-2015-06-03-at-75316-am.png" border="0" alt="Screen Shot 2015 06 03 at 7.53.16 AM"></p><p></p>
<p>Marine veteran George Hood held a <a href="http://www.nbcsandiego.com/news/local/George-Hood-Guiness-World-Record-Plank-Semper-Fi-Fund-305586971.html" target="_blank">record-breaking abdominal plank</a> for more than five hours on Saturday while also raising money for a veterans’ charity, NBC San Diego reports.</p>
<p>The 57-year-old held the plank position for five hours, 15 minutes, and 15 seconds to break the Guinness World Record previously set by <a href="http://www.guinnessworldrecords.com/world-records/longest-time-in-an-abdominal-plank-position/" target="_blank">Mao Weidong</a> of Beijing, China, in September 2014 at four hours and 26 minutes.</p>
<p>Hood, who is also a fitness instructor, dubbed his achievement “The People’s Plank,” which doubled as a fundraiser for the <a href="https://semperfifund.org/updates/former-marine-officer-breaks-world-record-plank-to-benefit-semper-fi-fund/" target="_blank">Semper Fi Fund </a>for injured service members, <a href="http://www.nbcsandiego.com/news/local/George-Hood-Guiness-World-Record-Plank-Semper-Fi-Fund-305586971.html" target="_blank">according to CBS News</a>.</p>
<p>“There are injured Marines that come back from the fight, who have suffered life-altering injuries and the discomfort that I feel right now pales in comparison to that which they feel,” Hood told NBC while in mid-plank position. “They’re my heroes, they really are, every one of them.”</p>
<p>Watch Hood’s interview while breaking the world plank record:</p>
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<p class="embed-spacer"></p><p><strong>SEE ALSO:&nbsp;<a href="http://www.businessinsider.com/researchers-developed-a-device-that-can-help-control-obesity-from-the-brain-2015-6" >There's a new, safer technology that stops people from feeling hungry</a></strong></p>
<p><a href="http://www.businessinsider.com/marine-corps-veteran-holds-a-plank-for-5-hours-to-break-a-world-record-2015-6#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/batman-guinness-world-record-2014-9">The Weirdest Thing You'll See Today Is This New Guinness World Record</a></p> http://www.businessinsider.com/cancer-charities-allegedly-used-187-million-in-donations-to-buy-luxury-cruises-and-cars-2015-5Cancer charities allegedly misused $187 million in donations, bought luxury cruises and carshttp://www.businessinsider.com/cancer-charities-allegedly-used-187-million-in-donations-to-buy-luxury-cruises-and-cars-2015-5
Tue, 19 May 2015 16:04:49 -0400Matthew Speiser and Reuters
<p><span style="color: #000000;">The <span style="color: #000000;">U.S. government</span> has charged four <span style="color: #000000;">cancer</span> charities with misusing more than $187 million in donations, with two agreeing to be dissolved and two fighting the allegations, the <span style="color: #000000;">Federal Trade Commission</span> said on Tuesday.</span></p>
<p><span style="color: #000000;">The FTC, 50 states and the <span style="color: #000000;">District of Columbia</span> charged the <span style="color: #000000;">Cancer</span> Fund of <span style="color: #000000;">America</span>, <span style="color: #000000;">Cancer</span> Support Services Inc., the Children's <span style="color: #000000;">Cancer</span> Fund of <span style="color: #000000;">America</span> and the <span style="color: #000000;">Breast Cancer Society</span> Inc. with collecting millions of dollars in donations but doing little to help patients.</span></p>
<p><span style="color: #000000;">The Children's <span style="color: #000000;">Cancer</span> Fund of <span style="color: #000000;">America</span> and <span style="color: #000000;">Breast Cancer Society</span> Inc. settled with the government and agreed to shut down. Three officials from the organizations also settled and agreed to be banned from charitable fundraising.</span></p>
<p><span style="color: #000000;">The <span style="color: #000000;">Cancer</span> Fund of <span style="color: #000000;">America</span> opted to fight the government in court, as did the related <span style="color: #000000;">Cancer</span> Support Services organization and its president, <span style="color: #000000;">James Reynolds Sr.</span></span></p>
<p><span style="color: #000000;"><span style="color: #000000;"><img src="http://static6.businessinsider.com/image/555b95c069bedd95598b4569-720-425/635676291280345672-still0519-00000.jpg" border="0" alt="Cancer Fund of America headquarters in Tennessee"><span style="line-height: 1.5em;">According to the federal court complaint</span><span style="line-height: 1.5em;">, the defendants used the organizations for lucrative employment for family members and friends, and spent consumer donations on cars, trips, luxury cruises, college tuition, gym memberships, jet ski outings, sporting event and concert tickets, and dating site memberships. They hired professional fundraisers who often received 85 percent or more of every donation.</span></span></span></p>
<p><span style="color: #000000;">The Center for Investigative Reporting put the <span style="color: #000000;">Cancer</span> Fund of <span style="color: #000000;">America</span> second on its <span style="color: #000000;">America</span>'s Worst Charities list. Based on data from December, it said the group raised $86.8 million for charity but gave just 1 percent of that to <span style="color: #000000;">cancer</span> patients.</span></p>
<p><span style="color: #000000;">The Children's <span style="color: #000000;">Cancer</span> Fund of <span style="color: #000000;">America</span> ranked No. 9.</span></p>
<p>Here is a report on the complaint from local TV station, WBIR:</p>
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<p> </p>
<p class="embed-spacer"><span style="color: #000000; line-height: 1.5em;">The FTC said in its complaint that the organizations portrayed themselves as legitimate charities to raise money from telemarketing calls and from the Combined Federal Campaign, which collects from </span><span style="color: #000000;">U.S. government </span><span style="color: #000000; line-height: 1.5em;">employees.</span></p>
<p><span style="color: #000000;">Instead, the complaint said, the groups "operated as personal fiefdoms characterized by rampant nepotism, flagrant conflicts of interest, and excessive insider compensation, with none of the financial and governance controls that any bona fide charity would have adopted."</span></p>
<p><span style="color: #000000;">Professional fundraisers that they hired sometimes kept 85 percent of what they collected, the FTC said.</span></p>
<p><span style="color: #000000;">The agency said the organizations inflated their revenues to hide their misuse of donations.</span></p>
<p><span style="color: #000000;">The FTC said it had proposed judgments of $65 million against the <span style="color: #000000;">Breast Cancer Society</span> and $30 million against the Children's <span style="color: #000000;">Cancer</span> Fund of <span style="color: #000000;">America</span>, which is what they collected from 2008 to 2012.</span></p><p><strong>SEE ALSO:&nbsp;<a href="http://www.businessinsider.com/new-lung-cancer-vaccine-from-cuba-2015-5#ixzz3abhOMKn6" >A revolutionary lung cancer vaccine could be coming to the US soon </a></strong></p>
<p><a href="http://www.businessinsider.com/cancer-charities-allegedly-used-187-million-in-donations-to-buy-luxury-cruises-and-cars-2015-5#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/cancer-patients-mouse-avatar-treatment-2014-12">Cancer Patients Are Paying A Private Lab To Breed Mouse 'Avatars' With Bits Of Their Own Tumors</a></p> http://www.businessinsider.com/mitt-romney-will-fight-a-former-world-boxing-champion-friday-2015-5Mitt Romney will fight a former world boxing champion tonighthttp://www.businessinsider.com/mitt-romney-will-fight-a-former-world-boxing-champion-friday-2015-5
Fri, 15 May 2015 09:54:00 -0400
<p><img src="http://static1.businessinsider.com/image/5555f6536da811310afec700-1200-1000/romney .jpg" border="0" alt="romney "></p><p></p>
<p>In one of the most unlikely encounters, former Republican presidential candidate Mitt Romney&nbsp;is preparing to take on former world&nbsp;boxing&nbsp;champion Evander Holyfield.</p>
<p><img src="http://static6.businessinsider.com/image/5555f7d4eab8eafb34b7c499/mitt boxing.gif" border="0" alt="mitt boxing"></p>
<p>The pair will take part in a charity boxing match, to raise money for CharityVision, an organisation that helps provide blindness-curing surgeries around the world.</p>
<p><img src="http://static3.businessinsider.com/image/5555f7ec6bb3f7414e806b01/mitt lifting.gif" border="0" alt="mitt lifting"></p>
<p>In a YouTube video, Mr. Romney is seen training hard for the fight, but jokes "I don't have much of a right hook, but when I get somebody's ear, I can be pretty formidable."</p>
<p>Watch the video to find out more about the fight, which is set to raise $1 million for the charity.<img src="https://pixel.newscred.com/px.gif?key=YXJ0aWNsZT01YTcwMTVhNTA2NTI0ZDYxZGIxZTUzMWFmNDM2ZDAwNiZwdWJsaXNoZXI9NzMwZWI4NmFiNTlmMGQ0MTkyNmFjNjViMDFmODNlMmY=" border="0" alt="" width="1" height="1"></p>
<p><iframe width="840" height="480" frameborder="0" src="https://www.youtube.com/embed/zCUbo7qZmKo"></iframe></p><p><strong>SEE ALSO:&nbsp;<a href="http://www.businessinsider.com/mitt-romney-slams-hillary-clinton-for-criminal-justice-speech-2015-5#ixzz3aDNFdf7S" >Mitt Romney slams Hillary Clinton's call for 'mass incarceration' to end </a></strong></p>
<p><a href="http://www.businessinsider.com/mitt-romney-will-fight-a-former-world-boxing-champion-friday-2015-5#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/lego-jurassic-world-trailer-2015-5">The trailer for Lego's 'Jurassic World' game is here and it looks like a lot of fun</a></p> http://www.businessinsider.com/bill-gross-on-charity-2015-5Bill Gross can't believe the amount of money he's donating to charityhttp://www.businessinsider.com/bill-gross-on-charity-2015-5
Tue, 12 May 2015 09:59:13 -0400Linette Lopez
<p><img style="float:right;" src="http://static2.businessinsider.com/image/55520702ecad04370cdf28aa-631-472/bill-gross-78.png" border="0" alt="bill gross"></p><p>In an interview with Bloomberg TV bond billionaire Bill Gross said that the amount of money he's about to donate to charity is "staggering, even to" himself.</p>
<p>So imagine what you and I might think.</p>
<p>"We'll give everything that we have other than our home away to either philanthropic causes that I've talked about, or to the foundation," Gross told Bloomberg's Erik Schatzker. The amount is "staggering, even to me."</p>
<p>Gross, who founded the largest bond fund in the world, PIMCO but left the firm last year, said he and his wife have already given away between $600 and $700 million.</p>
<p>"I guess&nbsp;Sue and I try and keep it quiet.&nbsp;We're not the--not that there's anything wrong with this,--but we're not the type to attend functions and parties and galas. We like to work underneath so to speak.”</p>
<p>He and his wife would also rather be at home watching Jeopardy, he said.</p>
<p>Gross' very-public exit from PIMCO followed 16 months of poor performance from his flagship funds and some erratic behavior on his part. Last spring he appeared on stage at a Morningstar Conference entering to <a href="http://www.businessinsider.com/pimcos-bill-gross-speaks-at-morningstar-conference-2014-6">Rob Thomas and Carlos Santana's 'Smooth' and wearing sunglasses.</a></p>
<p>"I'm getting happier," he told Schatzker. "You know, four or five months ago was a low point. Everybody has low points. And I'm not suggesting that was the low of lows. Having had the career I've had, my wife daily told me to get over. So hopefully I've done most of that."&nbsp;</p>
<p><a href="http://bloom.bg/1HdXZId">Watch the full interview here&gt;</a></p><p><a href="http://www.businessinsider.com/bill-gross-on-charity-2015-5#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/excel-what-if-analysis-data-tables-2015-4">This is the Excel trick that will change everything about how you work with data</a></p> http://www.businessinsider.com/r-baby-tennis-tournament-pictures-2015-5Inside the Wall Street charity tennis tournament that has raised over $1 million to save babies' liveshttp://www.businessinsider.com/r-baby-tennis-tournament-pictures-2015-5
Mon, 11 May 2015 09:55:00 -0400Julia La Roche
<p><span style="line-height: 1.5em;"><img style="float:right;" src="http://static2.businessinsider.com/image/5550a9246da811d07c7dcedb-805-604/screen-shot-2015-05-05-at-111122-am-1.png" border="0" alt="Screen Shot 2015 05 05 at 11.11.22 AM"><span style="line-height: 1.5em;">Earlier this month, Wall Street's tennis community held an annual fundraiser tournament for the&nbsp;</span><a href="http://www.rbabyfoundation.org/index.php">R Baby Foundation</a>,&nbsp;<span style="line-height: 1.5em;">a nonprofit foundation dedicated to saving babies' lives through improving pediatric emergency care.</span></span></p>
<p><span style="line-height: 1.5em;">This year's event raised over $300,000. The tournament was founded by Wexford Capital's Jason Pinsky and is cohosted by Jeffrey Appel, an investment banker at Broadband Capital who is affectionately known as "the mayor of New York tennis." &nbsp;</span></p>
<p><span style="line-height: 1.5em;">The tournament was played at MatchPoint NYC in Brooklyn. MatchPoint's cofounders Numrud Muhatasov and Dmitriy Druzhinsky also donated and participated in the event.</span></p>
<p><span style="line-height: 1.5em;">Wall Street's tennis players have formed a tight-knit community. On Sunday mornings, you can probably find Appel, Bill Ackman of Pershing Square, other finance folks, and top former professional and college players on the Randall's Island courts. They frequently play in charity tournaments, and i</span><span style="line-height: 1.5em;">n the past five years they have raised upward of $1 million for R Baby.</span></p>
<p><span style="line-height: 1.5em;"><span>Appel and his partner, Dan Cochrane, were victorious in this year's R Baby Tournament.&nbsp;</span></span></p>
<p><span style="line-height: 1.5em;">A big thank-you to <a href="http://jonathannissenbaum.22slides.com/">photographer Jon Nissenbaum</a>, who was kind enough to share some of his photos of the event with us. We have included highlights from the tournament in the slides that follow.&nbsp;<br></span></p><h3>Here's the group!</h3>
<img src="http://static2.businessinsider.com/image/5550a1e9eab8ea4128915edc-400-300/heres-the-group.jpg" alt="" />
<br/><br/><h3>John Bader, the CIO of Halcyon Asset Management, gets ready to serve. </h3>
<img src="http://static2.businessinsider.com/image/5550a203eab8eaf325915ee3-400-300/john-bader-the-cio-of-halcyon-asset-management-gets-ready-to-serve.jpg" alt="" />
<br/><br/><h3>Bader's partner Peter Aarts smashes an overhead. He played No. 2 at Michigan and now works at a real-estate company.</h3>
<img src="http://static5.businessinsider.com/image/5550a212eab8eaf625915ee2-400-300/baders-partner-peter-aarts-smashes-an-overhead-he-played-no-2-at-michigan-and-now-works-at-a-real-estate-company.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/r-baby-tennis-tournament-pictures-2015-5#jimmy-wasserman-who-will-be-playing-for-princeton-next-year-gets-ready-to-hit-a-backhand-he-played-with-kevin-magid-a-managing-director-at-audax-senior-debt-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/ecmo-charity-fundraiser-event-2015-5Inside the packed charity gala young Wall Street hit up last weekendhttp://www.businessinsider.com/ecmo-charity-fundraiser-event-2015-5
Sat, 09 May 2015 01:22:00 -0400Portia Crowe
<p><span style="line-height: 1.5em;">Bank of America VP Noah Cooper and his close friend, Rob Sanzillo, an attorney at&nbsp;at Herrick Feinsten in New York, founded a charity that's close to their hearts. Literally.</span></p>
<p>And on Saturday, they held a packed fundraiser for that charity&nbsp;– Hearts of ECMO, which they created to promote the emergency medical treatment that saved both Cooper's&nbsp; and Sanzillo's father's lives.</p><p><a href="http://www.businessinsider.com/ecmo-charity-fundraiser-event-2015-5#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/new-omega-globemaster-watch-unboxing-2015-5">Forget the Apple Watch — here's the new watch everyone on Wall Street wants</a></p> http://www.businessinsider.com/bill-ackman-boys-and-girls-harbor-benefit-at-plaza-hotel-2015-5Jennifer Hudson sang at a swanky benefit at the Plaza Hotel featuring tons of New York power playershttp://www.businessinsider.com/bill-ackman-boys-and-girls-harbor-benefit-at-plaza-hotel-2015-5
Fri, 08 May 2015 18:34:00 -0400Christian Storm
<p><img style="float:right;" src="http://static4.businessinsider.com/image/554bca30eab8eaaf0b5b9cc9-1200-800/kowjpyfm_12194_1501422.jpg" border="0" alt="Harbor Boys and Girls"></p><p><span class="s1" style="line-height: 1.5em;">On Wednesday night, the Plaza Hotel hosted the <a href="http://www.theharbor.org/"><span class="s2">Boys &amp; Girls Harbor’s</span></a> Annual “Salute to Ac</span><span style="line-height: 1.5em;">hievement” Benefit, a first for the organization that usually sticks to its campus on E 104</span><sup style="line-height: 1.5em;">th</sup><span style="line-height: 1.5em;"> Street. </span></p>
<p class="p1"><span style="line-height: 1.5em;">New York titans of industry like </span><span style="line-height: 1.5em;">Bill Ackman </span><span style="line-height: 1.5em;">and </span><span style="line-height: 1.5em;">Lyor Cohen</span><span style="line-height: 1.5em;"> and came together to honor </span><span style="line-height: 1.5em;">David R. Weinreb, </span><span style="line-height: 1.5em;">CEO of the Howard Hughes Corporation, for his contributions to The Harbor, a non-for-profit based in East Harlem that encourages creativity and critical thinking through the performing arts. </span></p>
<p class="p2"><span class="s1">Each year, The Harbor provides free after-school programming for over a thousand students, from preschool through high school, with a heavy emphasis on the creative arts. Last night was no exception. Students from the Harbor program sang and danced choreographed performances to the delight of the audience, which included both donors and alumni of the program, which was founded 1937.</span></p>
<p class="p2"><span class="s1"> Other guests included CeCe Peniston, Andrew Rosen, Rusty Staub, Rachel Axelrod, Sylvester &amp; Gillian Miniter, Will Carey, Colin &amp; Elizabeth Callender, Bill Pickens, Joseph &amp; Amy Perella, Stephen &amp; Beth Dannhauser, Paul Selver, Jonathan Carver, Ana Laspetkovski, Byron Garrett, Catherine Smith, David Wassong, Paul &amp; Christine Scheele, Kevin Liles, Bill Burrs, Jonathan Canter, Mark &amp; Ronda Axelowitz, Alain &amp; Leah Lebec, and Morgan &amp; Sacha Bale, and many more. </span></p><h3>Dr. Thomas Howard, Executive Director of The Harbor, made his way around each table, thanking donors, joking around with Harbor alumni, and even stopping to hang out with 11-year-old DJ Fulano before introducing the evening with a big smile. </h3>
<img src="http://static3.businessinsider.com/image/554bca2c6bb3f7cd0a6f1404-400-300/dr-thomas-howard-executive-director-of-the-harbor-made-his-way-around-each-table-thanking-donors-joking-around-with-harbor-alumni-and-even-stopping-to-hang-out-with-11-year-old-dj-fulano-before-introducing-the-evening-with-a-big-smile.jpg" alt="" />
<br/><br/><h3>Here's a look at young DJ phenom, DJ Fulano, on the ones and twos.</h3>
<img src="http://static1.businessinsider.com/image/554bca2c69bedda57a9d3624-400-300/heres-a-look-at-young-dj-phenom-dj-fulano-on-the-ones-and-twos.jpg" alt="" />
<br/><br/><h3>Sandra Bookman, reporter and weekend anchor at WABC-TV, as the host for the evening.</h3>
<img src="http://static5.businessinsider.com/image/554bca2ceab8ea80785b9ccf-400-300/sandra-bookman-reporter-and-weekend-anchor-at-wabc-tv-as-the-host-for-the-evening.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/bill-ackman-boys-and-girls-harbor-benefit-at-plaza-hotel-2015-5#david-works-hard-to-finance-this-city-harbor-to-harbor-said-bill-ackman-founder-and-ceo-pershing-square-capital-management-as-he-introduced-honoree-david-r-weinreb-he-also-shared-with-audiences-weinrebs-roots-in-show-business-which-weinreb-later-gladly-showed-off-to-the-crowd-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/lunch-with-tim-cook-is-cheaper-than-ever-but-it-will-still-cost-you-200k-2015-5Lunch with Tim Cook is cheaper than ever, but it will still cost you $200K (AAPL)http://www.businessinsider.com/lunch-with-tim-cook-is-cheaper-than-ever-but-it-will-still-cost-you-200k-2015-5
Wed, 06 May 2015 15:39:59 -0400Biz Carson
<p><img style="float:right;" src="http://static6.businessinsider.com/image/548a023aecad04517136d628-600-/tim-cook-418.jpg" border="0" alt="tim cook" width="600"></p><p>Apple's stock price may be up, but the personal value of CEO Tim Cook is down -- at least by one measure.</p>
<p>In 2013, an hour meeting with Tim Cook broke auction records when the winning bid <a href="http://www.usatoday.com/story/tech/2013/05/14/apple-tim-cook-elon-musk-jack-dorsey/2158411/">came in at $610,000</a>. By 2014, lunch with the <a href="http://www.businessinsider.com/330000-to-lunch-with-tim-cook-2014-5">Apple CEO went for $330,000</a>.</p>
<p><a href="https://www.charitybuzz.com/catalog_items/727428">Today's charity auction</a> closed at $200,000 with all proceeds going to the Robert F. Kennedy Center for Justice and Human Rights. CharityBuzz could not disclose the winner of the auction per their policies.</p>
<p>That's no paltry sum for an hour of Cook's time plus two VIP tickets to an Apple keynote.&nbsp;<span style="line-height: 1.5em;">After all, that's about 20 original Apple Lisa computers or about 573 Apple Watches (if you go with the low-end sport versions).</span></p>
<p>It's clear though that people are willing to dish out for a brush with the Apple, both past and present. Last week, a San Francisco Bay Area school put three <a href="http://www.businessinsider.com/heres-your-chance-to-own-steve-jobs-business-cards-2015-4">Steve Jobs business cards up for auction</a>&nbsp;with a starting bid at $600. The&nbsp;price tag for those has already crossed the $10,000 mark with one day left in the bidding.&nbsp;</p><p><strong>SEE ALSO:&nbsp;<a href="http://www.businessinsider.com/apple-ceo-tim-cook-unique-apple-watch-red-tip-on-digital-crown-2015-4" >Tim Cook wears a unique Apple Watch that nobody else can buy</a></strong></p>
<p><a href="http://www.businessinsider.com/lunch-with-tim-cook-is-cheaper-than-ever-but-it-will-still-cost-you-200k-2015-5#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/11-amazing-facts-about-apple-steve-jobs-tim-cook-wozniak-iphone-2015-4">11 amazing facts about Apple</a></p> http://www.businessinsider.com/ecmo-charity-fundraiser-event-2015-5Inside the packed charity gala young Wall Street hit up over the weekendhttp://www.businessinsider.com/ecmo-charity-fundraiser-event-2015-5
Tue, 05 May 2015 11:20:06 -0400Portia Crowe
<p><span style="line-height: 1.5em;"><img style="float:right;" src="http://static4.businessinsider.com/image/5548e40a6da811e001347b37-1200-924/dsc0034.jpg" alt="DSC_0034" border="0">Bank of America VP Noah Cooper and his close friend, Rob Sanzillo, an attorney at&nbsp;at Herrick Feinsten in New York, founded a charity that's close to their hearts. Literally.</span></p>
<p>And on Saturday, they held a packed fundraiser for that charity&nbsp;– Hearts of ECMO, which they created to promote the emergency medical treatment that saved both Cooper's&nbsp; and Sanzillo's father's lives.</p>
<p>(You can <a href="http://www.businessinsider.com/hearts-of-ecmo-charity-2015-4">learn more about the treatment here</a> – and about Sanzillo's and Cooper's stories.)</p>
<p>Business Insider was at the event, and it was packed with good music, tall drinks, and some 300 people from across Wall Street, medicine, and the financial media.</p><h3>Welcome to the ECMO fundraiser.</h3>
<img src="http://static4.businessinsider.com/image/5547d744ecad04c31fcb39ae-400-300/welcome-to-the-ecmo-fundraiser.jpg" alt="" />
<br/><br/><h3>It took place at 404 NYC – a Midtown West, Manhattan, venue.</h3>
<img src="http://static5.businessinsider.com/image/5547e916eab8ea890933e4a5-400-300/it-took-place-at-404-nyc--a-midtown-west-manhattan-venue.jpg" alt="" />
<br/><br/><h3>Noah Cooper (L) and Rob Sanzillo (R) co-founded Hearts of ECMO.</h3>
<img src="http://static4.businessinsider.com/image/5547c0be6da81106256ee128-400-300/noah-cooper-l-and-rob-sanzillo-r-co-founded-hearts-of-ecmo.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/ecmo-charity-fundraiser-event-2015-5#kristine-concalves-chris-sabbatino-michael-newman-nicole-sabbatino-joseph-zoccali-marisa-bishop-and-anthony-patierno-are-old-friends-of-sanzillos-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/hearts-of-ecmo-charity-2015-4After a near-death experience, a Bank of America VP started the charity that Wall Street is talking abouthttp://www.businessinsider.com/hearts-of-ecmo-charity-2015-4
Sat, 02 May 2015 10:13:00 -0400Portia Crowe
<p>One minute Noah Cooper was jogging on the treadmill in his apartment complex's gym, the next he was passed out with an arrhythmia — a condition causing his heart to beat irregularly — while a neighbor performed CPR.</p>
<p>And that wasn't even the worst of it. Cooper, then 27 years old and a vice president at Bank of America Merrill Lynch, encountered severe complications during his recovery at Bellevue Hospital — and in the end, only a little known, underfunded technology at Columbia Presbyterian Hospital saved his life.</p><p><a href="http://www.businessinsider.com/hearts-of-ecmo-charity-2015-4#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/game-of-thrones-economics-2015-3">'Game of Thrones': The Iron Throne is a terrible investment</a></p> http://www.businessinsider.com/celebs-make-trades-for-a-cause-at-btig-charity-day-2015-4Models, athletes, and actors took over BTIG's trading floor and surprised a lot of clientshttp://www.businessinsider.com/celebs-make-trades-for-a-cause-at-btig-charity-day-2015-4
Thu, 30 Apr 2015 15:14:00 -0400April Walloga
<p><img style="float:right;" src="http://static4.businessinsider.com/image/5542541feab8ea4459efd3b5-1200-924/hannah-davisjpg.jpg" border="0" alt="hannah davis.JPG"></p><p>Clients of<span>&nbsp;equities trading firm BTIG received some unexpected calls this Tuesday, April 28, as celebrities like&nbsp;</span><span>Alex Rodriguez and Padma Lakshmi worked to "make a call, make a trade, and make a difference."</span></p>
<p><span>There for the&nbsp;</span><span>firm's 13th annual Charity Day, 50-plus A-listers helped raise over $5 million for philanthropic causes around the world.</span></p>
<p><span></span><span>Among the "celebrity guest traders" was&nbsp;</span><span>model Hannah Davis, New York Giant Eli Manning, "Sex and the City"&nbsp;star Kristin Davis, fashion designer Tommy Hilfiger, chef Geoffrey Zakarian, and, towering above them all, retired NBA-star Shaquille O'Neal, who has been working the event since its inception in 2003.</span></p><h3>Alex Rodriguez's commission went to Boys and Girls Club of America. </h3>
<img src="http://static4.businessinsider.com/image/5542793369bedd095bf0a745-400-300/alex-rodriguezs-commission-went-to-boys-and-girls-club-of-america.jpg" alt="" />
<br/><br/><h3>Hamptonite Beth Stern's commission went to the North Shore Animal League. </h3>
<img src="http://static5.businessinsider.com/image/554279436bb3f7bd35009ef0-400-300/hamptonite-beth-sterns-commission-went-to-the-north-shore-animal-league.jpg" alt="" />
<br/><br/><h3>Food Network star Geoffrey Zakarian's commission went to New York's City Harvest.</h3>
<img src="http://static2.businessinsider.com/image/55427910ecad0432558b456d-400-300/food-network-star-geoffrey-zakarians-commission-went-to-new-yorks-city-harvest.jpg" alt="" />
<br/><br/><a href="http://www.businessinsider.com/celebs-make-trades-for-a-cause-at-btig-charity-day-2015-4#hannah-davis-commission-went-to-fellow-model-petra-nemcovas-happy-hearts-fund-4">See the rest of the story at Business Insider</a> http://www.businessinsider.com/hearts-of-ecmo-charity-2015-4After a near-death experience, a Bank of America VP started the charity that Wall Street is talking abouthttp://www.businessinsider.com/hearts-of-ecmo-charity-2015-4
Thu, 30 Apr 2015 12:36:00 -0400Portia Crowe
<p><img style="float:right;" src="http://static1.businessinsider.com/image/5541433ceab8ea003fe17be0-710-533/noah-cooper-ecmo-1.jpeg" border="0" alt="Noah Cooper ECMO"></p><p>One minute Noah Cooper was jogging on the treadmill in his apartment complex's gym, the next he was passed out with an arrhythmia — a condition causing his heart to beat irregularly — while a neighbor performed CPR.</p>
<p>And that wasn't even the worst of it. Cooper, then 27 years old and a vice president at Bank of America Merrill Lynch, encountered severe complications during his recovery at Bellevue Hospital — and in the end, only a little known, underfunded technology at Columbia Presbyterian Hospital saved his life.</p>
<p>That was two years ago, and now Cooper is on a mission to promote the treatment that saved him — "extracorporeal membrane oxygenation," or ECMO.</p>
<p>Cooper teamed up with close friend Rob Sanzillo, a lawyer at Herrick Feinsten in New York, and founded <a href="http://heartsofecmo.org/">Hearts of ECMO</a> to raise money for research and to help spread the technology to hospitals around the country.</p>
<p>Essentially, ECMO technology works as an external, mechanical lung and heart to help oxygenate someone's blood when their organs stop working. It pumps blood out of the patient's body through a tube, oxygenates the blood in a machine, and then returns it to the heart through another tube.</p>
<p>Here's an explainer from Hearts of ECMO's website:</p>
<div><div>
<iframe src="https://player.vimeo.com/video/80161346" width="500" height="281" frameborder="0" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>
</div></div>
<p><br>In Cooper's case, his lungs were seriously damaged when doctors induced a coma and put him into "therapeutic hypothermia" after the treadmill incident to minimize damage to his organs. They had him breathing on a respirator, but then couldn't take him off of it until his lungs had healed. That's why he needed the ECMO treatment.</p>
<h3>Sanzillo's story</h3>
<p>Throughout Cooper's month-long hospital stay, Sanzillo, who'd met Cooper back during their college baseball days (Sanzillo played for Johns Hopkins University and Cooper for Columbia), visited him nearly every day.</p>
<p>Then, just weeks after Cooper's treatment, Sanzillo's father suffered complications from a heart transplant and suddenly needed ECMO treatment too.</p>
<p>At the time, Sanzillo didn't realize how rare ECMO treatment was. But its effect, for him, was obvious.</p>
<p>"Without it, I would have lost my dad and my best friend," he said.</p>
<p>He and Cooper set a $25,000 fundraising goal for 2015, but already they've raised closer to $80,000.</p>
<p>To do more (and to celebrate what they've done so far) they're holding a <a href="https://www.eventbrite.com/e/hearts-of-ecmo-spring-benefit-tickets-15865631531?utm_campaign=order_confirm&amp;utm_medium=email&amp;ref=eemailordconf&amp;utm_source=eb_email&amp;utm_term=eventname">Spring Benefit at 404</a> in Manhattan on Saturday, with cocktails, hors d'oeuvres, and dancing. Expect young Wall Street to be there en masse.</p>
<p>"ECMO is something that doesn’t receive the proper attention and receive the proper funding," Cooper said. "We thought that starting something to help a cause that’s so meaningful to us would definitely be rewarding."</p>
<p><a href="https://www.eventbrite.com/e/hearts-of-ecmo-spring-benefit-tickets-15865631531?utm_campaign=order_confirm&amp;utm_medium=email&amp;ref=eemailordconf&amp;utm_source=eb_email&amp;utm_term=eventname">C</a><a href="https://www.eventbrite.com/e/hearts-of-ecmo-spring-benefit-tickets-15865631531?utm_campaign=order_confirm&amp;utm_medium=email&amp;ref=eemailordconf&amp;utm_source=eb_email&amp;utm_term=eventname">heck out</a> their Saturday event or the <a href="http://heartsofecmo.org/">Hearts of Ecmo</a> website for more information on how to get involved.</p><p><a href="http://www.businessinsider.com/hearts-of-ecmo-charity-2015-4#comments">Join the conversation about this story &#187;</a></p> <p>NOW WATCH: <a href="http://www.businessinsider.com/medical-breakthroughs-using-3d-printing-2014-8">Doctors Show Why 3D Printing Holds 'Limitless' Potential For Medicine</a></p>